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Portfolio Sale Demonstrates MOB Stability

There is Houston office investment interest across the board, including healthcare, thanks to improving fundamentals and the fact that better yields can be realized here than in other gateway markets.

By Lisa Brown | Updated on February 08, 2018

Pin Oak Park Pin Oak is just minutes from the Texas Medical Center along the West Loop in Bellaire.

HOUSTON—The five-building Pin Oak portfolio in the suburb of Bellaire recently sold for an undisclosed price. Norvin Healthcare Properties purchased the portfolio on behalf of its investment partnership, adding to its medical-oriented holdings in the Houston market.

“Being that healthcare is always in demand, medical office properties generally enjoy stable tenancy and insulation from the cyclical nature of other industries,” Rudy Hubbard, JLL managing director, capital markets, investment sales, tells GlobeSt.com. “As a result, we anticipate continued activity in this sector throughout the year, especially as other markets reach cyclical peaks. In Houston specifically, we’re seeing office investment interest across the board thanks to improving fundamentals and the fact that better yields can be realized here than in other gateway markets.”

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